HK Stock Market Move | BABA-W (09988) once rose more than 4%, releasing the native omni-modal model Qwen3.8-Omni-Flash.

BABA-W (09988) once rose more than 4%, and as of press time, it was up 3.33% at HK$108.6, with a turnover of HK$2.242 billion. On the news front, Alibaba Qwen released the native omni-modal model Qwen3.8-Omni-Flash on September 18, supporting four types of inputtext, images, audio, and videowith a context length of 1M tokens, and native support for up to 1 hour of continuous audio-video input. According to the official blog, its API price for hourly audio input dropped by more than 98%, and the price for audio-video input dropped by more than 93%. Guosheng previously noted in a research report that it is bullish on the growth of Alibaba Cloud's business and the continuous optimization of its profit structure, as well as Alibaba's full-stack AI layout.